Sequoia Financial Advisors LLC Increases Stake in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD)

Sequoia Financial Advisors LLC increased its position in PIMCO Multi Sector Bond Active ETF (NYSEARCA:PYLD) by 13.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,583,787 shares of the company’s stock after acquiring an additional 307,816 shares during the period. PIMCO Multi Sector Bond Active ETF comprises approximately 0.7% of Sequoia Financial Advisors LLC’s holdings, making the stock its 26th largest position. Sequoia Financial Advisors LLC owned approximately 0.09% of PIMCO Multi Sector Bond Active ETF worth $68,858,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC purchased a new stake in shares of PIMCO Multi Sector Bond Active ETF during the first quarter valued at $2,613,000. Elevated Capital Advisors LLC bought a new stake in shares of PIMCO Multi Sector Bond Active ETF in the first quarter worth approximately $450,000. RMR Wealth Builders raised its holdings in shares of PIMCO Multi Sector Bond Active ETF by 42.4% during the first quarter. RMR Wealth Builders now owns 24,227 shares of the company’s stock valued at $624,000 after purchasing an additional 7,217 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new stake in PIMCO Multi Sector Bond Active ETF in the first quarter worth approximately $108,000. Finally, ERn Financial LLC grew its position in PIMCO Multi Sector Bond Active ETF by 22.0% in the 1st quarter. ERn Financial LLC now owns 20,385 shares of the company’s stock worth $525,000 after purchasing an additional 3,677 shares during the period.

PIMCO Multi Sector Bond Active ETF Price Performance

Shares of NYSEARCA PYLD traded down $0.05 during midday trading on Tuesday, hitting $26.22. 256,908 shares of the stock traded hands, compared to its average volume of 476,908. PIMCO Multi Sector Bond Active ETF has a one year low of $23.76 and a one year high of $26.70. The firm has a 50-day moving average of $26.43 and a two-hundred day moving average of $25.91.

About PIMCO Multi Sector Bond Active ETF

The PIMCO Multisector Bond Active Exchange-Traded Fund (PYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a multi-sector portfolio of fixed income instruments issued by various US and non-US public or private-sector entities. The fund has no maturity and credit rating limitations.